Buyer's in this price range will be impressed
Guests enjoy stylish accommodation in the 23 Units comprising 19 Studio, 2 One Bedroom & 2 Two Bedroom Units.3 Bedroom managers house living rooms ground level. The business has been established around a strong corporate trade and the general travelling public.(no emergency housing) Plus many other features that have been incorporated into the design of the motel..With the established client base the future of this motel business looks very sound. Don't miss this opportunity arrange a time to view.
sold by McCrae
Shadzz Motel 14 motel units + Conference Venue located central city of Palmerston North. 8 Studio, 4 One bedroom & 2 two bedroom units, conference venue with separate entrance. The complex has all the comforts of home. .Offering long term lease 22 year to run,all chattels owned, 12 units with spas. plenty of parking for vehicles. Immaculatly presented throughout
During 15 Years of enjoyable ownership the owners have lifted this motel complex to a very high standard of presentation. They offer their motel complex to a buyer, with a vision for the future. The complex consists of 7 motel units, comfortable 3 Bedroom home, double garage, vacant land to extend the motel by a further 4 units (subject to council consent). There is a constant demand for accommodation in Foxton, Corporate trade + travelling public. Plenty of vehicle off street parking..
COVID has not affected this motel business, strong demand for accommodation, increased income..
If you are looking for motel business with a strong cash flow Viking Lodge is the one.. Vendor selling after completing a complete refurbishment.. Constant demand for accommodation from corporate trade & tradesman working on the area. Motel consists of 13 Units 11 Studio, 2 One Bedroom units 3 bedroom home, This is an opportunity for the purchaser to take this complex to the next level. Great location on State Highway 2. New 25 year lease.
New to the market Motel Investment (Only Land & Improvements) Passive Investment ideal for family trust or an investor. Owner reconsiders price $2,300,000
SOLD BY McCRAE
Modern 20 Units Leasehold for sale Vendor has placed his motel business for sale offers a 28 year lease expiring 2049 Situated on a main entrance into Palmerston North. 20 Unit consists of 16 Sudios, 2 One Bedrooms. 2 two Bedroom Mezzanine floor units. 3 Bedrom managers apartment.This motel enjoys a high occupancy from an established client base from corprate trade, tradesmen working in the district plus the general travelling public.Palmerston North has some large developments under construction which helps to draw guests to this motel.
Modern 12 Units motel consisting of 6 Studio, 5 One Bedroom & 1 Two Bedroom unit all ground level. This is an opportunity to buy an established motel buiness. This motel complex would be easily managed with 12 units separate motel kitchen & Laundry with lockup office. Long term lease. Comfortable 3 Bedroom owners residence.
Most motels in New Zealand operate by way of a lease. As you may already know, it is a rewarding and interesting lifestyle. A leasehold is the lease of the motel land and buildings and a leasee is buying motel chattels, the business goodwill, business lease and the right to operate as a motel for a set period of time.